1361 Quail Spring Drive
About This Property
This expansive 10.14-acre lot at 1361 Quail Spring offers an unparalleled opportunity for development or investment. Featuring 470 feet of frontage along Quail Spring and convenient access from Cascade Drive, this property is designed to accommodate a wide range of commercial or mixed-use ventures.
Key Features:
• Size: 10.14 acres of cleared, graded land, ready for immediate use.
• Accessibility: Dual street access via Quail Spring and Cascade Drive, ensuring ease of entry and visibility.
• Frontage: 470 feet along Quail Spring, maximizing exposure.
• Utilities: Fully equipped with all utilities on-site, streamlining development potential.
• Improvements: Property is fenced with durable, stable-type fencing, providing security and functionality.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 1, 2025 | Sold | ||
| Sold | |||
| Feb 19, 2025 | In contract | - | |
| In contract | |||
| Jan 7, 2025 | Listed by Team Juan Uribe | $850,000 | |
| Listed by Team Juan Uribe | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017